Gulf Energy Development PCL (BKK: GULF)

BKK: GULF Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	43,348	38,713	39,194	19,847	15,902	12,646
Short-Term Investments	1,622	1,805	3,134	2,314	317.6	15.14
Accounts Receivable	23,272	22,842	20,038	10,165	5,660	5,199
Other Receivables	5,829	3,079	3,255	2,396	2,273	593.52
Inventory	3,121	2,958	1,561	1,303	331.02	156.88
Loans Receivable Current	141.36	-	52.62	-	-	-
Other Current Assets	6,775	3,290	3,015	2,787	5,870	2,920
Total Current Assets	84,109	72,686	70,249	38,811	30,354	21,531
Property, Plant & Equipment	97,232	92,151	101,908	130,785	130,506	80,961
Goodwill	-	118	123	7,903	7,680	109.08
Other Intangible Assets	5,636	5,840	3,750	11,061	9,674	1,003
Long-Term Investments	190,628	191,702	172,745	138,914	50,602	23,351
Long-Term Loans Receivable	22,964	20,884	16,445	6,655	4,638	2,324
Long-Term Deferred Tax Assets	845.59	827.22	731.84	1,897	3,018	374.27
Long-Term Accounts Receivable	63,856	57,019	38,644	20,335	-	-
Other Long-Term Assets	21,567	18,287	13,575	6,313	9,108	4,624
Total Assets	486,837	459,514	418,172	362,674	245,581	134,278
Accounts Payable	6,999	9,391	7,484	3,080	1,353	1,689
Accrued Expenses	7	15	3	6	31	1,084
Short-Term Debt	4,771	4,789	6,669	9,998	11,500	392.9
Current Portion of Long-Term Debt	44,465	37,636	22,633	9,528	6,787	2,821
Current Portion of Leases	247.64	252.6	363.39	75.98	73.25	-
Current Income Taxes Payable	48.77	44.59	59.66	92.14	4.59	9.36
Other Current Liabilities	15,812	13,495	14,656	12,236	9,894	3,812
Total Current Liabilities	72,351	65,623	51,868	35,016	29,643	9,809
Long-Term Debt	256,625	240,590	219,108	203,296	122,577	73,947
Long-Term Leases	1,533	1,582	1,791	666.88	780.91	-
Pension & Post-Retirement Benefits	785.49	735.45	677.78	259.7	231.23	207.25
Long-Term Deferred Tax Liabilities	1,894	1,899	1,684	3,822	3,648	191.64
Other Long-Term Liabilities	5,233	4,981	7,242	12,104	16,620	1,083
Total Liabilities	338,422	315,410	282,370	255,165	173,501	85,238
Common Stock	11,733	11,733	11,733	11,733	11,733	10,667
Additional Paid-In Capital	51,822	51,822	51,822	51,822	51,822	20,889
Retained Earnings	54,778	50,891	43,060	36,931	7,968	6,488
Comprehensive Income & Other	97.54	2,139	4,172	-3,891	-7,496	383.22
Total Common Equity	118,431	116,585	110,787	96,596	64,027	38,427
Minority Interest	29,985	27,519	25,015	10,913	8,053	10,613
Shareholders' Equity	148,416	144,104	135,802	107,509	72,080	49,040
Total Liabilities & Equity	486,837	459,514	418,172	362,674	245,581	134,278
Total Debt	307,642	284,849	250,565	223,564	141,718	77,161
Net Cash (Debt)	-262,672	-244,332	-208,237	-201,404	-125,499	-64,500
Net Cash Per Share	-22.39	-20.82	-17.75	-17.17	-11.45	-6.05
Filing Date Shares Outstanding	11,733	11,733	11,733	11,733	11,733	10,667
Total Common Shares Outstanding	11,733	11,733	11,733	11,733	11,733	10,667
Working Capital	11,758	7,063	18,381	3,795	711.74	11,722
Book Value Per Share	10.09	9.94	9.44	8.23	5.46	3.60
Tangible Book Value	112,795	110,627	106,914	77,632	46,673	37,315
Tangible Book Value Per Share	9.61	9.43	9.11	6.62	3.98	3.50
Land	-	6,909	6,899	3,445	3,445	3,445
Machinery	-	91,580	82,102	105,966	103,759	66,360
Construction In Progress	-	17,376	32,810	35,379	32,754	15,385

Source: S&P Capital IQ. Utility template. Financial Sources.